Select the Incorrect Statement Regarding Cost Flows Through a Job-Order

question 142

Multiple Choice

Select the incorrect statement regarding cost flows through a job-order cost system.

• A) Product costs are accumulated separately by job.
• B) The job order cost system is patterned after the physical flow of products as they move through the production process.
• C) The three inventory accounts used are maintained on a perpetual basis.
• D) Costs are averaged for all jobs produced within a department.

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Definitions:

Comments

Observations or statements made about something, often expressing a personal opinion or reaction.

Low Distinctiveness

A situation in which an individual's behavior does not vary much across different contexts or situations, indicating a possible stable personality trait or characteristic.

Kelley's Covariation Model

A psychological theory proposed by Harold Kelley that explains how individuals attribute cause to events based on the consistency, distinctiveness, and consensus of the information available.

Internal Factor

An influence or element originating within a person, such as beliefs, values, skills, or psychology, that affects their behavior or attitudes.